Nest INC

Tax-deductible

New York, NY501(c)(3)InternationalEIN 20-5450672

Nest, INC. Is an irs section 501(c)(3) organization that identifies and collaborates with responsible artisian business through the provision of customized capacity building programs to enable each enterprise to become profitable and have a significant positive social impact. Nest has searched globally to identify a network of existing artisanal workshops that have strong leadership, are scalable and can transform their communities in one of three ways: alleviate poverty, empower women, and promote peace. Through their participatory model, nest works with the artisans to provide the services they need to both preserve and enhance artistic traditions and increase their ability to meet the capacity and quality demands of the exporting marketplace.

501(c)(3) charity; gifts are tax-deductible.
Run by 225 volunteers and 22 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $536K a year · 11% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
167%
of spending
Looks good: 167% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$942K
to officers and key staff · 33% of spending
Top officer’s pay higher than 86% of similar orgs
Concern: pay to officers and key staff is 33% of spending; over 30%.
Pt VII · Sec A
Cash reserves
41 mo
of spending, in cash
Looks good: 40.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
5
named funders · $579K
Looks good: 5 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$560K
9% of total assets
Looks good: liabilities are 9% of assets; 50% or less.
Pt X · Ln 26
Independent board members
11
of 12 voting members
Looks good: 11 of 12 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$3.4M
-40% vs prior year
Spent
$2.9M
To programs
167%
Net assets
$5.6M
By yearFY2020–FY2024
Revenue
$3.4M
FY2024▼ -40%
Revenue by fiscal year
FY2020$4.7M
FY2021$4.8M
FY2022$5.5M
FY2023$5.7M
FY2024$3.4M
Expenses
$2.9M
FY2024▼ -47%
Expenses by fiscal year
FY2020$3.9M
FY2021$3.9M
FY2022$5.2M
FY2023$5.4M
FY2024$2.9M
Net assets
$5.6M
FY2024▲ +10%
Net assets by fiscal year
FY2020$4.1M
FY2021$4.6M
FY2022$4.8M
FY2023$5.1M
FY2024$5.6M

From the FY2024 Form 990 (year ending June 2024) · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jun 2007.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

167 cents of each dollar spent went to programs.

Program services 167% · $4.8M Management & general 22% · $637K Fundraising 21% · $610K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Who runs it and what they're paid

30 people listed on the 990; $942K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$243,147Pt VII · Sec A
Chief Financial Officer
$174,552Pt VII · Sec A
Chief Strategy/Partnership
$144,624Pt VII · Sec A
Chief Handcraft Programs O
$138,875Pt VII · Sec A
Director of Engagement/Par
$121,802Pt VII · Sec A
SR Director- Brand Strateg
$118,738Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Rebecca Van Bergen’s $243K as Executive Director is at the 86th percentile of top reported officer pay among 1168 $1–10M international nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Rebecca Van Bergen$243,147$175,304$165,039$155,632$153,149
Christopher Van Bergen$174,552$171,220$163,304$154,343$149,424
Ashia Dearwester$144,624$156,006$150,996$142,948$140,903
Lindsey Struck$138,875$135,843$124,166——
Benita Singh————$127,000
Marika Shiga$121,802$110,827———
Amanda Lee$118,738$114,660———
Isabelle Kayal—$114,586———

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Nest INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Helps artisan businesses grow profitably and create positive social impact.

Provided by the organization

This section is blank until Nest INC claims this page.

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4 program services account for $6.1M of program spending, described in the organization's own filed words · FY2024.
01

The nest guild is an ever-growing global network of 2,600+ handcraft enterprises and maker businesses in 125+ countries. While representing a diversity of craft types from basket weaving to hand dyeing, ceramics, and woodworking.

$2.8Mprogram expense
02

The Nest Guild

Is an ever-growing global network of 2,950+ handcraft enterprises and maker businesses in 125+ countries. While representing a diversity of craft types from basket weaving to hand dyeing, ceramics, and woodworking guild members are united in their pursuit of sustainable business growth and social impact in their communities.

$1.3Mprogram expense
03

Fee for Service Programs

Nest's sourcing services advance transparency, social wellbeing, and economic opportunity for global artisans and us makers by facilitating matches between brands and designers and nest's network of artisans and makers.

$1.2Mprogram expense
04

Research & Advocacy

Makers united brings visibility to under-represented makers and the challenges they face to inclusion in the micro- and small-business economy by mapping the regional landscape of small business supports and connecting the dots between makers and the local, national, and peer resources they need.

$802Kprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
See all 5 funders →

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$3.4M
Ln 12
Gifts and grantsLn 1h$2.7M
Fees for servicesLn 2g$555K
Investment incomeLn 3$144K
Money outPt IX
$2.9M
Ln 25
Programscol B$4.8M
Managementcol C$637K
Fundraisingcol D$610K
Owns and owesPt X
$5.6M
net assets · Ln 32
Cash and savingsLn 1–2$9.7M
Total assetsLn 16$6.2M
LiabilitiesLn 26$560K
PeoplePt VI, VII
30
listed · VII A
PaidVII A6
Voting boardVI 1a12
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$2.7M
Fees for servicesLn 2g$555K
Investment incomeLn 3$144K
Total revenueLn 12$3.4M
Assets in detailPt X, end of year
Cash and savings togetherLn 1–2$9.7M
Total assetsLn 16$6.2M
LiabilitiesLn 26$560K
Net assetsLn 32$5.6M
OperationsPt I, VI
EmployeesI 522
VolunteersI 6225
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $3.4M$2.9M$524K$5.6M 990 PDF
FY2023 $5.7M$5.4M$243K$5.1M 990 PDF
FY2022 $5.5M$5.2M$226K$4.8M 990 PDF
FY2021 $4.8M$3.9M$886K$4.6M 990 PDF
FY2020 $4.7M$3.9M$801K$4.1M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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